Charge/ caution on house

sam19677

Hi can anybody tell me the difference between a charge on a house and a caution on a house. Thank you

fefesaver

Hi.

It is my understanding that a charge is registered against a property by a person who has money secured against it owed to them, ie a mortgage or a secured loan. The property cannot be transferred or sold without their consent or evidence that the charge has been repaid.

A caution is slightly different in that any person who has an interest in a property can register a caution (eg trustee in bankruptcy, former partner, debtor etc) so a wider range of people can apply. They property cannot be transferred without notice being sent to the person registering the caution but they do not necessarily have to give their consent to remove the caution (unlike a charge).

The Land Registry will be able to give you more information about this if you telephone to them and they are usually very helpful. Their address is www.landregistry.gov.uk. You can obtain details of what precisely is registered against a property by obtaining what is known as 'office copy entries' to the title of the property you are interested in and paying a fee. This will then let you know exactly what is registered.

Hope this helps.:o